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Dec 24, 2012
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malanga. >> we can afford it of course because washington is in such good shape. gerri: that is rulou shape. gerri: that is ridiculous. i'm still reeling from this last fact. thank you so much for coming on, great to see you. santa isn't the only one with a list. consumer reports put out their third annual naughty and nice list highlighting company practices.d to which companies are getting coal in their stockings this year? with me now, executive director at consumer reports. >> hi, gerri. gerri: always greato see you.d we love your naughty and nice list. i have followed for a number ofth years. who is number one? >> the naughty list not meant tu talk about companies in general, but talk about specific policies of these companies. on the naughty list is highlighting a policy for this year we have to airlines on the naughty list, don't think 've ever had a year withouten at let one airline on the naughty list. delta airlines on there, pretty bge difference between the refundable and nonrefundablend fares. one of the reporters buying up super saver nonrefundable ti
malanga. >> we can afford it of course because washington is in such good shape. gerri: that is rulou shape. gerri: that is ridiculous. i'm still reeling from this last fact. thank you so much for coming on, great to see you. santa isn't the only one with a list. consumer reports put out their third annual naughty and nice list highlighting company practices.d to which companies are getting coal in their stockings this year? with me now, executive director at consumer reports. >>...
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Dec 10, 2012
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it seems to me that washington has a way of doing business and washington will continue to change the way -- or continue to do business the way they have always done it. where is us and wall street, we have to change the way we do business. >> so you don't see a big crash in markets as a fall off the cliff. >> no. i see opportunities for people who are less patient. no, i see it all going down. >> where are your clients moving their money? what are you advising them to do, whether we get a deal or not? are there two completely different strategies? >> there is various things on a similar attitude. big is not always good. i think what we are doing is consolidating and moving towards a smaller environment. i think we have smaller investors who can deliver returns. >> what do you mean by that? types of funtds they are investing in. >> that's correct. i will see many professionals from wall street leaving this side of the business. south side of the business and go to the buy side of the business. and expressing their invest many in the criteria. >> they have what kind of outcome or compr
it seems to me that washington has a way of doing business and washington will continue to change the way -- or continue to do business the way they have always done it. where is us and wall street, we have to change the way we do business. >> so you don't see a big crash in markets as a fall off the cliff. >> no. i see opportunities for people who are less patient. no, i see it all going down. >> where are your clients moving their money? what are you advising them to do,...
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Dec 24, 2012
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lori: the dow closed down 50 points largely due to preparation from washington. she is a daily deal sites are falling today. let's go back to nicole at the new york stock exchange for more. nicole: we're taking a look at group on down 4% today, still under pressure after they made an acquisition. $4.63 per share, they have acquired commerce interface. the company which they have been working since the middle of 2012, april 2012 in order to streamline some of the operations. it is technology management, a way they can work with some of the thousands of existing vendors, supposedly will help them to better support the merchants overseas going forward and give them exclusivity with this particular company but this acquisition today puts them under pressure about 4% and that is why you're seeing it down about $0.19. merry christmas, everybody. david: ilog one of my groupon things to expire. it is not a total loss. lori: it is not front and center in people's priority list. david: s&p futures are closed right now. that's about to larry at the cme to see how things mig
lori: the dow closed down 50 points largely due to preparation from washington. she is a daily deal sites are falling today. let's go back to nicole at the new york stock exchange for more. nicole: we're taking a look at group on down 4% today, still under pressure after they made an acquisition. $4.63 per share, they have acquired commerce interface. the company which they have been working since the middle of 2012, april 2012 in order to streamline some of the operations. it is technology...
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Dec 5, 2012
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i'll tell you what, maria, i'm not sure what's going on in washington. i'm not sure who those republicans are. i'm not so sure on whether the fiscal conservatives in the party know something about some big reforms on medicare and medica medicare, social security is, any of the retirement or tax issues, but i'll tell you this. i think that all these stories aren't necessarily going lead us to the truth. i personally have a very size way i'm approaching this. the president is supposed to leave for a 21-day vacation in hawaii on december 17th. where he is on december 18th will tell me, and i think the markets will pay attention. i find it hard to believe, and i agree with bill and many, who are very not amused by the house taking their long weekend. i'm sure that the president would have no intentions of leaving until these issues are resolved. i think the market is being kind, but i think it's a timing issue. >> yeah, i think that's a good point. somebody mentioned the other day that the president is planning a trip to hawaii on december 17th. i said, what
i'll tell you what, maria, i'm not sure what's going on in washington. i'm not sure who those republicans are. i'm not so sure on whether the fiscal conservatives in the party know something about some big reforms on medicare and medica medicare, social security is, any of the retirement or tax issues, but i'll tell you this. i think that all these stories aren't necessarily going lead us to the truth. i personally have a very size way i'm approaching this. the president is supposed to leave...
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Dec 17, 2012
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we'll look at those deal meetings in washington. stay with us. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> welcome back. shares of sprint today dropping today after the telecom giant announced the remaining stake it does not own. sprint is one of the best performing stocks in the s&p 500 this year. is there still room to run for the stock or are you better off with larger competitor verizon? on
we'll look at those deal meetings in washington. stay with us. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national....
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Dec 22, 2012
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washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and fure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for the holidays,and congress is out for the holidays. the president saying that putting pressure began on republicans, house republicans, to least extend ta cuts for the middle class. that would be the step by scratch in transit approach and he is speaking to constituents back home who he hopes will give feedback to members of congress while they are there for the holiday ttry to get them to agree or get back to the table to negotiate something. gerri: if it were up to me, i say that they work until they get th
washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and fure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to...
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Dec 7, 2012
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. >> no news is bad news in the case of washington. we're watching this fiscal cliff thing so carefully. let me play the sound bite so you can see the dour expression on speaker boehner's face as he talked to reporters early this afternoon. >> this isn't a progress because there is no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> so we all also from nancy pelosi, the democratic leader in the house of representatives earlier today. she came before cameras also, no news from her had as well. holding pattern here in washington. rhetoric is pretty heated on both sides. you heard boehner there saying the president has wasted a week here. but behind the scenes, aides did give us some indication they'll continue to talk through the weekend so i think what's going on here is you're seeing the public blast of ret lick but behind the scenes they are talking to each other. i think the talks are fair le well coordinated. you can tell that by ho
. >> no news is bad news in the case of washington. we're watching this fiscal cliff thing so carefully. let me play the sound bite so you can see the dour expression on speaker boehner's face as he talked to reporters early this afternoon. >> this isn't a progress because there is no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> so we all also from nancy pelosi, the...
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Dec 7, 2012
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we have so much uncertainty in washington. we do have slowing economies in europe and in the u.s. >> right. david, what do you say right now? break the tie for us. >> break the tie. in the near term, there's an epic tug of war between extremely aggressive monetary easing and just total disdain for what they're doing in washington on tax and regulatory policy. in the near term, the fiscal cliff prevails. in the longer term, the fed will prevail. there's so much mistrust on stocks that i think that still can be a positive catalyst for stocks relative to traditional bonds over the next 12 months. >> i'm going to push back a little bit on that. >> i'm going to break the tie in ralph's favor. >> david, i want to push back a little bit on that. in terms of -- like, is the fed really that much of a factor these days now in terms of keeping the market afloat? >> absolutely. >> it's not losing its bang for its buck? >> it's not as powerful as it was in the fall of 2008 or even 2010, but when you consider that, u.s., long bonds, 1.5%. s
we have so much uncertainty in washington. we do have slowing economies in europe and in the u.s. >> right. david, what do you say right now? break the tie for us. >> break the tie. in the near term, there's an epic tug of war between extremely aggressive monetary easing and just total disdain for what they're doing in washington on tax and regulatory policy. in the near term, the fiscal cliff prevails. in the longer term, the fed will prevail. there's so much mistrust on stocks...
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Dec 7, 2012
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then you add on top of it what's coming out of washington. i don't think you should get your hopes up about figuring it out before the end of this year. i think there's a pretty deept chance we go over the cliff and then try to sort it out in the beginning of the year. >> lovely. >> joe, when did 146,000 jobs become good? have we become so pessimistic -- have our expectations come so low we're cheering 146,000 when we should be well over 200? >> plus the downward revisions for the previous two months. >> although, those revisions were almost all in government. mandy makes a good point. 150,000 a month, which has been the average over the past is a months or so, is not great. if this was a normal recovery, we'd be growing at 4% instead of 2 on gdp. employment would be well over 250. however, the good news in today's report was if you look at the household survey, there was clearly a hurricane effect in these numbers. we might actually have printed over 200 absent hurricane sandy. i would argue the trends is getting better. as jim pointed out,
then you add on top of it what's coming out of washington. i don't think you should get your hopes up about figuring it out before the end of this year. i think there's a pretty deept chance we go over the cliff and then try to sort it out in the beginning of the year. >> lovely. >> joe, when did 146,000 jobs become good? have we become so pessimistic -- have our expectations come so low we're cheering 146,000 when we should be well over 200? >> plus the downward revisions for...
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Dec 5, 2012
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first, let's get to what's going on in washington. more republicans breaking ranks to join what we hope will be a bipartisan call for higher tax rates and entitlement cuts. eamon javers on capitol hill has the very latest details for us. eamon. >> reporter: hi, bill. that letter does call for the speaker to negotiate, including all options on the table. it is a bipartisan letter. we should be a little bit careful on this because the letter habit actually been sent yet, we're told by congressman mike simpson's office. he's the congressman circulating the letter. he's gathering signatures from other members of congress, as we speak. they expect to send this letter. i've talked to some conservative republicans today here on capitol hill who say their minds are not changed, and that's going to be the group that's most difficult for the speaker to negotiate. nonetheless, the fact there's such a letter being circulated probably gives speaker boehner more elbow room in his negotiations and might help him beat back a little brush fire he saw
first, let's get to what's going on in washington. more republicans breaking ranks to join what we hope will be a bipartisan call for higher tax rates and entitlement cuts. eamon javers on capitol hill has the very latest details for us. eamon. >> reporter: hi, bill. that letter does call for the speaker to negotiate, including all options on the table. it is a bipartisan letter. we should be a little bit careful on this because the letter habit actually been sent yet, we're told by...
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Dec 6, 2012
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i doubt our elected officials would be brazen enough to leave washington without an agreement? this is my hunch. if, and that is an if we are going to see a deal, i suspect it'll come in the next two weeks. if we know anything about d.c. lawmakers, their time off may be more of a sacred cow than the belief on tax and spending. if i'm right, it's too bad that their own self-interests motivate them more. >>> before we look the a the day on wall street. and it was a quiet day. at the end of the day, we did see the markets get a good lift up about 40 points on the industrial average. nasdaq composite picked up 15 1/2 points. and the s&p tonight gain of 4.5% points, check out apple today, we did see a bit of a rebound after the big selloff yesterday. apple continues to trade higher in realtime, up 1.5% on apple at
i doubt our elected officials would be brazen enough to leave washington without an agreement? this is my hunch. if, and that is an if we are going to see a deal, i suspect it'll come in the next two weeks. if we know anything about d.c. lawmakers, their time off may be more of a sacred cow than the belief on tax and spending. if i'm right, it's too bad that their own self-interests motivate them more. >>> before we look the a the day on wall street. and it was a quiet day. at the end...
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Dec 18, 2012
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send it to washington. i it's kenny's recipe of the day. >> they are so great. >> maybe they will talk more. you never know. >>> sue to the bond market, five-year notes up for action. rick santelli. >> hi, tyler, another spongy auction. the high stroke of 1:00 eastern was .765 on the bid side. what were the results of this auction, .769. it tailed off a bit. the 10 auction average, 2.87. this was deficient at 2.72. the lightest since july. indirect well below 42 auction average. here is where it's interesting. new trend, central banks, large institutions on direct bidding, 30.4, 11% is a 10 auction average. that's the best since sep '04, 77 basis points. rick, all yours. >> let's bring in jeff, cnbc contributor. you're a bond guy at the cme. is this a bond bubble and are we coming out of it? >> we talked a couple weeks ago on "power lunch" how we're poised to see the long end of the curve. we had confirmation when ben bernanke said they were going to focus the purchase on the belly of the curve. that's what
send it to washington. i it's kenny's recipe of the day. >> they are so great. >> maybe they will talk more. you never know. >>> sue to the bond market, five-year notes up for action. rick santelli. >> hi, tyler, another spongy auction. the high stroke of 1:00 eastern was .765 on the bid side. what were the results of this auction, .769. it tailed off a bit. the 10 auction average, 2.87. this was deficient at 2.72. the lightest since july. indirect well below 42...
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Dec 11, 2012
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what the negotiations may turn out to be in washington? the overall sentiment leaping into the end of the year? >> i think relative to santa claus i think ben bernanke is coming tomorrow -- >> they both have white beards beards. >> that environment in essence, why be in cash? why be in treasuries? they're forcing you to go out and acquire risk -- whether you believe it's artificial or not. i think there is credibility in the belief that the lot of it is artificial stimulation. >> doesn't matter. >> it doesn't matter. >> market's going up. you want to be a part of it. >> the market, you are being forced into risk assets. it looks like europe is improving. looks like i merging markets are improving. there's other places for the flows of capital to go. not just the u.s. >> i think boehner sounded like today he was overplaying his hand a little bit. if you step back from the rhetoric, the back and forth posturing in washington, i think you have a market that if you look back in october, the s&p was trading 1470. it pulled all the way back afte
what the negotiations may turn out to be in washington? the overall sentiment leaping into the end of the year? >> i think relative to santa claus i think ben bernanke is coming tomorrow -- >> they both have white beards beards. >> that environment in essence, why be in cash? why be in treasuries? they're forcing you to go out and acquire risk -- whether you believe it's artificial or not. i think there is credibility in the belief that the lot of it is artificial stimulation....
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Dec 10, 2012
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nothing's happening in washington. there is no movement towards consensus on either side of the debate. people look at that and say what were we so optimistic about? i think the cliff will be more of an effect afterwards. but to go back to stewart's point, he's talking about 2% growth in spending. 2% consumer growth is probably going to produce a very weak gdp number. although we had a nice number on the boost, we'll have a horrible in the next quarter. which isn't great. that's really the point. 11% rise in fedex sales not going to lead in an 11%? consumer spending. at beast we're looking at 2%. that's not good. >> my 2% forecast is for next year. i think we'll do better this quarter. and you don't sell 15.5 million cars in the month of november if consumers can't get the credit. and they're not in somewhat of a spending mood and feel they have the income to justify it. >> well, it is subprime lending that is driving that. 45% of all new leases are subprime. that's not particularly good. they have cut the lease rates
nothing's happening in washington. there is no movement towards consensus on either side of the debate. people look at that and say what were we so optimistic about? i think the cliff will be more of an effect afterwards. but to go back to stewart's point, he's talking about 2% growth in spending. 2% consumer growth is probably going to produce a very weak gdp number. although we had a nice number on the boost, we'll have a horrible in the next quarter. which isn't great. that's really the...
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Dec 27, 2012
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here, if you're just joining us once again, a breaking story out of washington. seemingly hopeful story. the house announcing it will reconvene sunday evening. bring everybody back at that time and presumably to consider some deal that may come out of the senate at that point. whether or not that happens, the market is not waiting to see the whites of their eyes. the dow was down 150 points at the low of the session and now we're down just 15 points. the dow was positive moments ago. >> really was, and the volatility index, aka the wall street fear gauge, was above 20 earlier on this morning for the first time in many months. it's now 19.22. obviously a little bit of fear coming out of market. let's get more of what's going on in the markets and what's going on in terms of traders feelings about the hope of sunday night. laura myers is from dme securities. what did you think and what did you do when you heard about the house reconveneing? >> you have to realize how event-driven this market really is. everyone is walking on eggshells about what's really going to h
here, if you're just joining us once again, a breaking story out of washington. seemingly hopeful story. the house announcing it will reconvene sunday evening. bring everybody back at that time and presumably to consider some deal that may come out of the senate at that point. whether or not that happens, the market is not waiting to see the whites of their eyes. the dow was down 150 points at the low of the session and now we're down just 15 points. the dow was positive moments ago. >>...
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Dec 12, 2012
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washington has yet to revoke the laws of supply and demand, and we certainly have supplied the economy with a massive amount of liquidity with the same goods and services, the balance has to be priced, and a price situation is going to be higher levels of inflation and they are keeping rates down pretty much right now. >> yeah. >> we have a diminishing level of return, and that's what's happening. we're pushing rates down, but it's not having the impact. >> lower bang for your qe buck as steve liesman put it earlier on. >> thanks for joining us. always good to see you, eyore pento. >> putting fire into the conversation. >> thank you. >>> so much for the holiday cheer. with the rate things are going in washington, there will be plenty of holiday jeer between now and the new year. >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >>> well, two former presidential candidates face off after the break. i feel like i'm going back to 2008 or 2004. steve forbes says no tax hikes for anybody while howard dean argues everybody needs to pay a
washington has yet to revoke the laws of supply and demand, and we certainly have supplied the economy with a massive amount of liquidity with the same goods and services, the balance has to be priced, and a price situation is going to be higher levels of inflation and they are keeping rates down pretty much right now. >> yeah. >> we have a diminishing level of return, and that's what's happening. we're pushing rates down, but it's not having the impact. >> lower bang for your...
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Dec 17, 2012
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i understand the enthusiasm or encouraging signs coming out of washington. but are these two sides really that much closer together? they seem, in some ways, to be talking past one another. >> right. what we don't know is what happened in this meeting today. that could be a sign of some progress. obviously the speaker made a new offer. now we will wait and see what the president will match that with. the political dynamics here are that the speaker needs to go back it republican colleagues on capitol hill and tell him look what i got the president to agree to that we didn't think he would agree to. what is that piece of this? it has to be on the spending side somewhere. that's where this deal will get made if it get made. obviously this level of activity, meetings, phone calls, activity over the weekend, indicates that something is happening. we are moving toward the goal line here. goal being a deal. but there's no question, there's no guarantee of course we will get there all the way. >> it is very interesting, eamon, speaker boehner's position was 800 bil
i understand the enthusiasm or encouraging signs coming out of washington. but are these two sides really that much closer together? they seem, in some ways, to be talking past one another. >> right. what we don't know is what happened in this meeting today. that could be a sign of some progress. obviously the speaker made a new offer. now we will wait and see what the president will match that with. the political dynamics here are that the speaker needs to go back it republican...
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Dec 13, 2012
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boehner and reid in washington. do you think that's having any impact on the type of people who buy your products? >> you know, i think any time when there's a lot of talk about what the future may hold for government, for taxation, for financing, that's going to give some people some trepidation about spending. if there's word about the fact that you are going to have higher taxes come the new year, won't have as much to spend, maybe you hold back a little bit. what we like about our business is, it's a relatively low barriers to entry. consumers can buy the luxury of our beauty for $17, $18, $25, $30. this is not a huge investment. and so we're finding a lot of consumers are finding their way into beauty because they don't want to spend $1,000, $2,000 or $3,000 on very luxurious, larger items like a handbag or a new car, for example. so beauty has its frequency shoppers. but that being said, overall, if the consumer is not certain she has the disposal income, perhaps she holds back a little bit. >> sir, one of my
boehner and reid in washington. do you think that's having any impact on the type of people who buy your products? >> you know, i think any time when there's a lot of talk about what the future may hold for government, for taxation, for financing, that's going to give some people some trepidation about spending. if there's word about the fact that you are going to have higher taxes come the new year, won't have as much to spend, maybe you hold back a little bit. what we like about our...
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Dec 7, 2012
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our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans simply echoing the white house are going to have to buckle on the issue of the top rates. >> the only obstacle standing in the way of middle income tax relief are the republicans unwillingness to ask the top 2% to pay their fair share. >> but tyler, as yo
our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since...
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Dec 6, 2012
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eamon javers is in washington making a career out of this story. he's got the latest on the negotiations. >> hi, bill. the battle for public perception here in the fiscal cliff fight continues today. the president visiting a middle class family in northern virginia who he said would be hurt by tax increases if those come to pass at the end of this year. the president saying that republicans simply need to come to terms and a deal with him. take a listen to what the president had to say out in the living room of this family in northern virginia. >> i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one and that is good for the american economy. >> so, bill, the president using the power of the bully pulpit there and image making. it's the power the president has to shift the debate here. republicans don't seem to have caved in just yet. we're going to have to see whether or not there's a deal. i think
eamon javers is in washington making a career out of this story. he's got the latest on the negotiations. >> hi, bill. the battle for public perception here in the fiscal cliff fight continues today. the president visiting a middle class family in northern virginia who he said would be hurt by tax increases if those come to pass at the end of this year. the president saying that republicans simply need to come to terms and a deal with him. take a listen to what the president had to say...
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Dec 13, 2012
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if the food fight in washington continues. house speaker john boehner saying the white house seems willing to slow walk our economy up to and over the fiscal cliff. senator reed telling mr. boehner he can't ignore the american people forever. so there they have it. live to capitol hill with one on one interview with representative maxine waters when we come back. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength o
if the food fight in washington continues. house speaker john boehner saying the white house seems willing to slow walk our economy up to and over the fiscal cliff. senator reed telling mr. boehner he can't ignore the american people forever. so there they have it. live to capitol hill with one on one interview with representative maxine waters when we come back. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and...
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Dec 5, 2012
12/12
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the logjam is breaking there exactly, but courtney, some movement here may be a little bit in tone in washington. so that's something. >> that's something. we'll take whatever we can get at this point i think, eamon. thank you very much. we'll check back in with you. >>> now we found bob pisani. he's on the floor of the new york stock exchange. >> we've been talking about what's going on in the day and why this rally in the middle of the day. take a look. this is what everybody's talking about here. there have been vague rumors that the republicans may be breaking ranks a little bit and some may be willing to accept tax hikes. that would be a break-through if we can. of course the question is what to do on the spending side but one step at a time. it is still very vague as you heard from eamon. apple has been a big question. there's a lot of complicated things going on. right now we're going to do 35 million shares in apple today. that's twice the normal volume. we aren't far from the lows of the day. let me give you a short laundry list about what's been going on, various things we've been hear
the logjam is breaking there exactly, but courtney, some movement here may be a little bit in tone in washington. so that's something. >> that's something. we'll take whatever we can get at this point i think, eamon. thank you very much. we'll check back in with you. >>> now we found bob pisani. he's on the floor of the new york stock exchange. >> we've been talking about what's going on in the day and why this rally in the middle of the day. take a look. this is what...
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Dec 6, 2012
12/12
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it's dangerous to hear about washington talk the cliff is harmless but i do think the threat of it is so significant and investors are so concerned about it that it does make me think a lot more of the cliff is discounted in current stock prices. >> i'm surprised, tom, in the notes you say you don't think we're going to go off and what would happen to the stock market? stocks and investors have been held hostage by the trading action over the last several weeks. >> that's right. yes, and that's right. so we don't expect us to actually fall off the cliff. our base case and it's something that we spend every week really discussing is that about a third of the cliff is realized, in other words we get about a third of the total impact, two-thirds being deferred and that's already in the gdp forecast, roughly 1% in the first half. that's a scenario that's not going to justify investors being risk off and sitting on the sidelines but the time to recognize that scenario is not going to happen towards the end of the year so i still have this vision of investors being cautious, we get developm
it's dangerous to hear about washington talk the cliff is harmless but i do think the threat of it is so significant and investors are so concerned about it that it does make me think a lot more of the cliff is discounted in current stock prices. >> i'm surprised, tom, in the notes you say you don't think we're going to go off and what would happen to the stock market? stocks and investors have been held hostage by the trading action over the last several weeks. >> that's right....
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Dec 17, 2012
12/12
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. >> there is a little bit of an upward drift today and directly traceable to what is going on in washington and people getting their portfolios squared away for the end of the year. >> that will do it for this hour of "power lunch." thank you so much for joining us. >> have a great afternoon, everyone. tyler and i will see you tomorrow. "street signs" begins right now. >>> the market is taking a back seat to the event of newtown but business questions we main loud and long. we ask if more can be done with guns and treatment to prevent this from ever happening again. are we any closer to a deal? why john boehner's plan may go nowhere. plus the first of our fierce competitor specials pitting two big retailers against each other in a battle for your holiday dollars. and 109 years ago today, wilbur and orville wright took flight and we see how big their dream has become. >> trading higher at the last full day -- excuse me, trading week of the year. grinding quietly higher and fairly light trade. here are your interesting fact. seven up days, five down days for both the dow and s&p, the last 12
. >> there is a little bit of an upward drift today and directly traceable to what is going on in washington and people getting their portfolios squared away for the end of the year. >> that will do it for this hour of "power lunch." thank you so much for joining us. >> have a great afternoon, everyone. tyler and i will see you tomorrow. "street signs" begins right now. >>> the market is taking a back seat to the event of newtown but business...
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Dec 12, 2012
12/12
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FBC
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when anyone in washington d.c. at the fed or the white house or in congress or the senate thinks he or she knows best we already have of problem because this is supposed to be a government of consensus and direction that is empirically based, operating for two goals, the national interest and the common good. melissa: i thought the role of the fed was to keep money sound, to keep the monetary system roll along. lou: so modern, so forward looking. there is something nostalgic in what you say because we have moved well beyond that. this fed right now is in charge of our fiscal future. melissa: these things as our guests have expressed that the economy needs to have the fed do what has been doing to going? lou: ben bernanke has been the essential actor of the last four years because we have had such inadequate leadership from the white house, such inadequate imagination and public policy direction, principal or otherwise partisan or otherwise creative or otherwise, that without him not much would have happened and tha
when anyone in washington d.c. at the fed or the white house or in congress or the senate thinks he or she knows best we already have of problem because this is supposed to be a government of consensus and direction that is empirically based, operating for two goals, the national interest and the common good. melissa: i thought the role of the fed was to keep money sound, to keep the monetary system roll along. lou: so modern, so forward looking. there is something nostalgic in what you say...
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Dec 27, 2012
12/12
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>> i kind of agree with the consternation and concern of washington and everybody there. we look at the position of one of three possibility, back to upside normalized growth, complete downside recession. and the middle of the road scenario, we begrudge this and keep doing it sloppily every once in a while, as we have been recently but manage to make our way longer term. we think that scenario is more likely and the upside has to be discounted and downside scenario we have to recognize is not an immaterial risk. positioning portfolios, this is not an environment to hide and cash in treasuries but not blindly buy any and all equities out there, you pick the risks you take, buy quality dividend companies to protect those portions of your portfolio you're taking some equity risk with. use covered calls and sell options to cap your upside but give you extra cash flow in the other two environments, then use other defensive mechanisms, risk taking but still defensive in orientation. high yield bonds, bank loans, sovereign debt in the emerging markets getting 5-7% interest payme
>> i kind of agree with the consternation and concern of washington and everybody there. we look at the position of one of three possibility, back to upside normalized growth, complete downside recession. and the middle of the road scenario, we begrudge this and keep doing it sloppily every once in a while, as we have been recently but manage to make our way longer term. we think that scenario is more likely and the upside has to be discounted and downside scenario we have to recognize is...
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Dec 10, 2012
12/12
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he said he was going to change washington. he was going to change this cozy relationship between business and himself. sandra: but he said he can't change washington from the inside. so he's changed his mind on quite a few things since then. and remember, this is -- we were talking about this during the break, this is what we have seen in the past. this is no different. individuals, 250,000 compared the corporations a million dollars, but remember this s because all the big bucks that were spent during the election. stuart: would you rather have the taxpayer pay for the inauguration or corporations? sandra: absolutely not. i would obviously like the corporations to pay for it. >> what about the extra money he had from his campaign? does he have any extra cash or how about some of our extra stimulus money? we already paid for stuff that we don't need to use. let's funnel that over. stuart: this is a difficult story because we have another record high for food stamp recipients, 47.7 million people on food stamps in september. by
he said he was going to change washington. he was going to change this cozy relationship between business and himself. sandra: but he said he can't change washington from the inside. so he's changed his mind on quite a few things since then. and remember, this is -- we were talking about this during the break, this is what we have seen in the past. this is no different. individuals, 250,000 compared the corporations a million dollars, but remember this s because all the big bucks that were...
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Dec 20, 2012
12/12
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in washington d.c. i was one of the more impoverished communities, what happens is you learn how to manipulate the system, one of the reasons marriage has broken down in poor communities, one person can be living in households of the other parent but one qualified for benefits as long as they don't mary. what has broken down in el welfare society is the test in washington, not the recipient's fault 100%. this bureaucracy in washington you want to have a fiscal crisis for fiscal quick debate let's talk about $400 billion in poverty programs we spend every year. stuart: let me go back to what you are doing in california when you were living on benefits. what did you get? you got food stamps, cash welfare, rental allowance, heating and cooling. what did you get? >> it is more comprehensive than that because you get 100% day care paid and 100% medical. all your medical is covered regardless what it is. you could have a scratch on your knee and going to the emergency room and get back cover for yourself and
in washington d.c. i was one of the more impoverished communities, what happens is you learn how to manipulate the system, one of the reasons marriage has broken down in poor communities, one person can be living in households of the other parent but one qualified for benefits as long as they don't mary. what has broken down in el welfare society is the test in washington, not the recipient's fault 100%. this bureaucracy in washington you want to have a fiscal crisis for fiscal quick debate...
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Dec 13, 2012
12/12
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new numbers on debt and what voters want to come out of any deal out of washington. we've got it for you. >>> and wait until you hear just how dire the situation is in detroit. a third of the people on food stamps? almost half out of the labor force? and yes, they want a federal bailout. we're talking about all of this. and a whole lot more with this company: recovering investment banker. charles payne is here and nicole petallides always on the floor of the new york stock exchange. thursday morning, i will say it again, dead flat for the dow jones industrial average. and we have dead flat, the rate on 30 year mortgages from freddie mac actually it's down a tad, 3.32%. how's that for a 30 year? i've been saying this for weeks now, who would have thought. here's another number for you, the u.s. government spent 172 billion dollars more than it took in, during november alone. that means we're very likely headed for another trillion dollars annual deficit. that would be the fifth straight. the national debt, 16.37 trillion dollars. president obama apparently not concern
new numbers on debt and what voters want to come out of any deal out of washington. we've got it for you. >>> and wait until you hear just how dire the situation is in detroit. a third of the people on food stamps? almost half out of the labor force? and yes, they want a federal bailout. we're talking about all of this. and a whole lot more with this company: recovering investment banker. charles payne is here and nicole petallides always on the floor of the new york stock exchange....
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Dec 27, 2012
12/12
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what on earth is happening in washington, folks? when we run through what exactly no deal means for you step by step just how annoyed are you going to feel? lots of things coming up on ""street signs."" >> i'm annoyed, mandy. four days to go before america goes over the fiscal cliff. what does that really mean for average snerns how would going over the cliff affect you? jackie deangel lis is at cnbc hears. >> four days away, not a lot of time at all. a lot is at stake for all-americans if washington can't come to some sort of agreement before the deadline. while some groups will be impacted differently, the key here is that everyone will be paying more. consider those who make roughly $20,000 a year or less. they'll be paying on average $412 more. if your salary is in the $64,000 range, you're going to be paying almost $2,000 mosh. remember, that's why president obama was talking about my 2 k. he wanted to get the middle class to weigh in on the tax debate. that's how much they'll be paying. if you make a little bit over $100,000,
what on earth is happening in washington, folks? when we run through what exactly no deal means for you step by step just how annoyed are you going to feel? lots of things coming up on ""street signs."" >> i'm annoyed, mandy. four days to go before america goes over the fiscal cliff. what does that really mean for average snerns how would going over the cliff affect you? jackie deangel lis is at cnbc hears. >> four days away, not a lot of time at all. a lot is at...
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Dec 10, 2012
12/12
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peter barnes in washington with the latest. they were saying we believe actions, we have heard so much chatter, we can't really bet on that. >> right now we're just hearing chatter. the president speaks to senate democratic leader harry reid, we have learned. meeting yesterday at the white house with a speaker banner an in a speech in detroia couple of hours go the president extended little olive branch to the republicans. >> i have said i would work with republicans on a plan for economic growth, job creation and reducing our deficits. and some compromise between democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> i spoke to an aide to one top republican leader who was a little bit upset by the comment the president would be willing to compromise a little bit. the white house did not disclose any details of the meeting with the president and the speaker yesterday only confirmed that communications remain open. tim john boehner remaining discussions are in pla
peter barnes in washington with the latest. they were saying we believe actions, we have heard so much chatter, we can't really bet on that. >> right now we're just hearing chatter. the president speaks to senate democratic leader harry reid, we have learned. meeting yesterday at the white house with a speaker banner an in a speech in detroia couple of hours go the president extended little olive branch to the republicans. >> i have said i would work with republicans on a plan for...
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Dec 5, 2012
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this is new video from washington. members only. membership has its privileges. we're 26 days away from going over the fis calf cliff and these are members of the house of representatives walking out. they're going home. no session tomorrow, long weekend. they need a rest. i hope someone can explain this to me. >>> the bears taking a big bite out of apple computer today. the stock getting hammered. has apple lost its mojo or does the company still have room to run? >>> and city, the big slash. knife coming down on 1,000 jobs. the cfo is set to speak about the shake-up right now and we will have the very latest on this very widely held stock which has been moving higher tod today. >>> we have a rally on our hands despite some downward pressure in apple. two of the biggest names in the most widely held stocks around, citi and apple topping the news this hour. headlines aren't good. apple right now is down about 4%. back in bear market territory, down 22% from their historic intraday high of $705 set back in september. right now shares are trading at $551.33. bob pi
this is new video from washington. members only. membership has its privileges. we're 26 days away from going over the fis calf cliff and these are members of the house of representatives walking out. they're going home. no session tomorrow, long weekend. they need a rest. i hope someone can explain this to me. >>> the bears taking a big bite out of apple computer today. the stock getting hammered. has apple lost its mojo or does the company still have room to run? >>> and...
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Dec 10, 2012
12/12
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FOXNEWSW
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what if it wiped out york and washington? it will work when nothing else does. others would have been knocked off. john: you'll learn about it from tv and radio. i learned about it now. >> i have a battery operated radio. >> the anchor man says this happened. >> this is a boondoggle. and you guys never stop. >> make sure the public remains safe. >> 12 hours after the storm began it look like the emergency alert because take shelter now. 12 hours into the storm i am not personally directing it at you this is government thinking spend the money for a second to rate stuff. >> you mentioned of local alert. we have to and include training for emergency workers say you are right. 12 hours is not acceptable that was a failure but to still have dealer system i appreciate the fact i got the alert that said take cover. john: thank you jamie barnett. my government projects may from dangerous chemicals. base steady if this dangerous to wash your hands with this so poor brush with this toothpaste. their conclusion? john: school is boring. those are students at a charter scho
what if it wiped out york and washington? it will work when nothing else does. others would have been knocked off. john: you'll learn about it from tv and radio. i learned about it now. >> i have a battery operated radio. >> the anchor man says this happened. >> this is a boondoggle. and you guys never stop. >> make sure the public remains safe. >> 12 hours after the storm began it look like the emergency alert because take shelter now. 12 hours into the storm i am...
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Dec 17, 2012
12/12
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but you still have the stuff in washington that's holding back everybody and everything. the question is how much does it mean and what will it do when you're holding back people from the end of the year because if it does blow up the market will probably go down 2% or 3%. >> that was david tepper earlier this morning on "squawk box" discussing his call on the market if we go off the cliff. he also taubed a lot if we don't go off the cliff, what could happen. he said in his words stock looks cheap relative to a rich bond market. you agree with tepper? >> absolutely. we were just talking about at the commercial is it's not just here in the u.s. there are things that are getting better internationally. china we talked about for several months now. i think europe the data points are getting no worse. i think that could be source for upside for 2013. imagine if you get this unknown here in the states plus all of this global liquidity. i think it's very powerful and positive. >> steve weiss, tepper whom i know that you know well says the obvious. in that d.c. could screw it al
but you still have the stuff in washington that's holding back everybody and everything. the question is how much does it mean and what will it do when you're holding back people from the end of the year because if it does blow up the market will probably go down 2% or 3%. >> that was david tepper earlier this morning on "squawk box" discussing his call on the market if we go off the cliff. he also taubed a lot if we don't go off the cliff, what could happen. he said in his...
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Dec 6, 2012
12/12
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128 years ago today, the washington monument was finished. get this -- construction started in 1848. it took 36 years from beginning to end. well, you had a civil war in the middle there, too, but it does sound a little bit like d.c. these days, doesn't it? r look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider i
128 years ago today, the washington monument was finished. get this -- construction started in 1848. it took 36 years from beginning to end. well, you had a civil war in the middle there, too, but it does sound a little bit like d.c. these days, doesn't it? r look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's...
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Dec 17, 2012
12/12
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FBC
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eye 74
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what if it wipe out york and washington? it will work when nothing else does. others would have been knocked off. john: you'll learn about it from tv and radio. i learned about it now. >> i have a battery operated radio. >> the anchor man says this happened. >> this is a boondoggle. and you guys never stop. >> make sure the public remains safe. >> 12 hours after the storm began it look like the emergency alert because take shelter now. 12 hours into the storm i am not personally directing it at you this is government thinking spend the money for a second to rate stuff. >> you mentioned of local alert. we have to and include training for emergency workers say you are right. hours is not acceptable that w a failure but to still ve dealer system i appreciate the fact i got the alert that said take cover. john: thank you jamie barnett. my government projects may from dangerous chemicals. base steady if this dangerous to wash your hands with this so poor brush with this toothpaste. this toothpaste. their conclusion? the capital one cash rewardsard gives you 1% cash
what if it wipe out york and washington? it will work when nothing else does. others would have been knocked off. john: you'll learn about it from tv and radio. i learned about it now. >> i have a battery operated radio. >> the anchor man says this happened. >> this is a boondoggle. and you guys never stop. >> make sure the public remains safe. >> 12 hours after the storm began it look like the emergency alert because take shelter now. 12 hours into the storm i am...
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Dec 17, 2012
12/12
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WBFF
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it plans to send a delegation to washington tuesddy. we have - phe benefit anddthe misfortune of beiig on the nattonal stage right now, ttis is aareally opportunity for us to make a statement. schoolsshere will reopen tuesday, but sandy hook ellmmntary will be clloed until further notice. in dunnan. 3 when they do go bacc to schooo... the chhllrrn who 3 will not ave to return to tte scene f theemassacre. & instead.. theyywill go to their classes resumm.it's still unclear whennthat wwil happen..ut all public schoolss 3 be closed ttdaa.. and sandd hook elementary will ever be used for eachiig.... aggin. 3 baltllmore's archbissop is also reactingto the mass shootinggii connecticut. 3 arccbishop william lori...previouslyssrved as bishop of southwestern &pccnnecticut...which includes -3& newtown..ori says he visited the catholicchurch there many as a personal loss. &p3 (looi) "i just think ww have -3 to come together, all segments offouu commmnity to do all thaa we can to end the culture buill what we call in the -& church a civiiiization of
it plans to send a delegation to washington tuesddy. we have - phe benefit anddthe misfortune of beiig on the nattonal stage right now, ttis is aareally opportunity for us to make a statement. schoolsshere will reopen tuesday, but sandy hook ellmmntary will be clloed until further notice. in dunnan. 3 when they do go bacc to schooo... the chhllrrn who 3 will not ave to return to tte scene f theemassacre. & instead.. theyywill go to their classes resumm.it's still unclear whennthat wwil...
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Dec 14, 2012
12/12
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CNBC
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i think this is the normal ebb and flow of washington negotiations. congress acts when there's a forcing event, when they have to act because the consequences are too drastic. we have two major forcing events, going over the cliff and congress's desire to get home for christmas. i think this could go to christmas eve but we'll get there. >> let me ask you one other question about the spending cuts. the president -- the republicans challenged the president to be specific on spending cuts, but the republicans themselves haven't been terribly specific. >> not at all. >> have they about what they would cut in spending? >> i think that's absolutely right. i kind of feel the republicans haven't been specific because they don't know. they can't agree on exactly what spending cuts they want. so they keep pumping it over to the president, but they're the ones asking for spending cuts. it seems to me it's incumbent on them to say what exactly they mean. >> so you're still in the camp that believes that we will have some sort of resolution to the short-term fisc
i think this is the normal ebb and flow of washington negotiations. congress acts when there's a forcing event, when they have to act because the consequences are too drastic. we have two major forcing events, going over the cliff and congress's desire to get home for christmas. i think this could go to christmas eve but we'll get there. >> let me ask you one other question about the spending cuts. the president -- the republicans challenged the president to be specific on spending cuts,...
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Dec 21, 2012
12/12
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FBC
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democrats continue to run washington. what the president has proposed so far won't do anything to solve our spending problem. more spending and more tax hikes will hurt the economy and simply won't deal honestly with the entitlement reform and the big issues facing the country. we need significant spending cuts and real tax reform to address our long term debt problem and pave the way for long-term growth and real growth in jobs in our country. we will continue to work with our colleagues in the house and senate on a plan that protects families and small businesses from the fiscal cliff. >> i think we saw last night the next chapter in this saga of trying to resolve the situation of the fiscal cliff. it is clear our conference has been consistent in its commitment to doing something about the spending problem in washington and the mounting debt that has resulted. we stand ready to continue and dialogue with this president to actually fix the problem. i hope that we see our colleagues on the other side of the capital can d
democrats continue to run washington. what the president has proposed so far won't do anything to solve our spending problem. more spending and more tax hikes will hurt the economy and simply won't deal honestly with the entitlement reform and the big issues facing the country. we need significant spending cuts and real tax reform to address our long term debt problem and pave the way for long-term growth and real growth in jobs in our country. we will continue to work with our colleagues in...
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Dec 14, 2012
12/12
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tony little is coming on next on why washington dc needs work out a deal. till then, do not treadmill on me. >> this is a test neil: time is running out and washington is still trying to get a deal done. we have superstar tony little. it is great to have you back, tony. to i want to be a superhero like you were. neil: you already make me look bad. [laughter] neil: this is why i hook up with people like us. tony, is it your sense -- i see a lot of your work and what you do and how you motivate people, it is all about getting in the moment and getting in the zone. but in washington, they are nowhere near that. how would you bring them back? >> they are definitely not in the conceive and believe and achieve mode. [applause] >> i will get what they are dealing with. it is a product in the plan. it is a combination of tax increases. decreasing spending,. [talking over each other] [talking over each other] >> we are forgetting the customer. it doesn't matter if you are president obama or republicans, we are forgetting about the people. that is what you can't forg
tony little is coming on next on why washington dc needs work out a deal. till then, do not treadmill on me. >> this is a test neil: time is running out and washington is still trying to get a deal done. we have superstar tony little. it is great to have you back, tony. to i want to be a superhero like you were. neil: you already make me look bad. [laughter] neil: this is why i hook up with people like us. tony, is it your sense -- i see a lot of your work and what you do and how you...
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Dec 14, 2012
12/12
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there's a 25% chance that common sense will break out in washington and we actually get something accomplished before the end of the year. if that's the case, i think there's significant upside to the upper end of the range. there's a better than 50/50 chance we don't get something done before the end of the year whereas we break the bottom of the range. if you're an investor sitting on the sidelines or trying to figure out what to do at this point in time, the sidelines is a very good place to be. very dangerous and very binary. >> 50/50 chance, doesn't seem worth risk. thanks very much. >> well, if you do not think taxes are a big issue in the corporate world then pay attention for a couple of minutes because we have a state that brought back everybody from vacation just to make one company happy. brian schactman has that story. >> reporter: hey, thank you very much. listen, nike is a pretty iconic brand in the country and totally attached to the state of oregon, right? well, they want to expand, and there's all these states looking to poach them. they went to the state of oregon and the gov
there's a 25% chance that common sense will break out in washington and we actually get something accomplished before the end of the year. if that's the case, i think there's significant upside to the upper end of the range. there's a better than 50/50 chance we don't get something done before the end of the year whereas we break the bottom of the range. if you're an investor sitting on the sidelines or trying to figure out what to do at this point in time, the sidelines is a very good place to...
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136
Dec 18, 2012
12/12
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FBC
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it is coming out of washington, d.c. the speaker of the house had a plan b, in terms of the fiscal cliff deal. the white house came out and said they reject plan b. dagen: again, one of the major differences, $400,000 cut off for a tax increase versus $1 million which is what the house speaker had presented to the white house. it seems as if taxes, for at least some people, will go up. connell: now we have this story that we have been meaning to talk about. users of instagram, the company is claiming ownership of the photos. shibani: a bout of people are reaching the conclusion of not posting photos at all. it is so important to read that fine print. the photo sharing site instagram posting on its company blog, if you do not read the coopany blog, you will not find this out. the company is changing its privacy statement so i can make money off of the pictures whether you like it or not. you agree that a business or other entity may pay us, basically anything that you put up there along with any associated metadata or act
it is coming out of washington, d.c. the speaker of the house had a plan b, in terms of the fiscal cliff deal. the white house came out and said they reject plan b. dagen: again, one of the major differences, $400,000 cut off for a tax increase versus $1 million which is what the house speaker had presented to the white house. it seems as if taxes, for at least some people, will go up. connell: now we have this story that we have been meaning to talk about. users of instagram, the company is...
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161
Dec 6, 2012
12/12
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CNBC
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eye 161
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come on, washington, that's ridiculous. how can the markets in switzerland, netherlands, germany do better than us? how is that possible? because of you, washington. it's because of you. we've been kept back all because of you. second, before our politicians stepped in with the intransigence and anger, we were about to have an explosion in earnings. retail was stronger than it was in a decade, autos back incredibly robust. and that's just the beginning. because all the pent up demand. we're running short of office buildings, shopping centers, apartments, homes, these are the hiring sectors, all this blather about helping the small businessman of subchapter "s" for private and middle class, you want to help them? give them a deal, any deal, just get out of our way for heaven sakes. our country is starting to get so competitive, again, that business is building things over there now want to build them there. tim cook tells brian williams that his company's going to make macs in this country. we're better than kmochina. meanwh
come on, washington, that's ridiculous. how can the markets in switzerland, netherlands, germany do better than us? how is that possible? because of you, washington. it's because of you. we've been kept back all because of you. second, before our politicians stepped in with the intransigence and anger, we were about to have an explosion in earnings. retail was stronger than it was in a decade, autos back incredibly robust. and that's just the beginning. because all the pent up demand. we're...
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86
Dec 8, 2012
12/12
by
KQED
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eye 86
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the only reason they would is if washington completely because this. at this point i don't think that's going to happen. >> susie: how do you think the federal reserve is going to read in today's jobs report. they're meeting on tuesday as you know. do you think it's going to trigger any new response from the fed? >> well, as you know the fed's on high alert. they've got their foot to the accelerator. they're using open ended buying bonds and they're going to up the ante i think at the next meeting in the coming week. operation twist ends and they're going to start rolling that into this quantitative even process. so a lot of bond purchases. i think they're going to continue to do that until unemployment is moving definitively lower and is much lower than it is today. and most importantly, they're going to wait and see how these things go in washington. they're very nervous that policy makers aren't going to get this right. so as long as washington's bitter i think they're going to be in high alert. >> susie: thanks a lot mark, great talking about you.
the only reason they would is if washington completely because this. at this point i don't think that's going to happen. >> susie: how do you think the federal reserve is going to read in today's jobs report. they're meeting on tuesday as you know. do you think it's going to trigger any new response from the fed? >> well, as you know the fed's on high alert. they've got their foot to the accelerator. they're using open ended buying bonds and they're going to up the ante i think at...
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legalized recreational marijuana in colorado and washington state. no worry of arrests but don't tell that to the fed's. they still say it is illegal. tommy chong after the break is a stranger to the weed. we get his take on it next. [ m] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barriereef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he n worry about other things, like what the mket is doing and being ready, no tter what happen which isn't rocket science. it's just common sense, from td ameritrade. stuart: we have our eyes on avalanche the stock this morning, it is now up after a huge drop yesterday. a lot at stake here. lot of people trying to avoid a tax bite next year. reports about apple losing market share, in the smart phone area in china and as charles said, once the stock goes down other people start selling making it fall even worse. it has been turned around and is now up $4. it
legalized recreational marijuana in colorado and washington state. no worry of arrests but don't tell that to the fed's. they still say it is illegal. tommy chong after the break is a stranger to the weed. we get his take on it next. [ m] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barriereef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so...
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121
Dec 23, 2012
12/12
by
WBAL
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eye 121
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. >> the current battle in washington has to do with the fiscal cliff. two senior senators took to the airwaves today to discuss what happens next. democrat chuck schumer and suggested republicans needed to work on a partisan solution and accept the reality of tax increases. republican senator lindsey graham says he does not expect a big deal until the next round of debt ceiling talks. >> our republican colleagues, by refusing to go along with revenues, are risking the fiscal cliff. >> there will not be a big deal. the chance for a big deal is with the debt ceiling. that is one of will have leverage to turn the country around. >> president obama urged congress to get a deal done when they returned from christmas break. president obama was among the dignitaries that attended the memorial service for the senator. the world war ii was the first japanese-american elected to both houses of congress, serving hawaii for 50 years. he died of respiratory complications last monday. he was 88 years old. former president bush is still in stable condition in a housto
. >> the current battle in washington has to do with the fiscal cliff. two senior senators took to the airwaves today to discuss what happens next. democrat chuck schumer and suggested republicans needed to work on a partisan solution and accept the reality of tax increases. republican senator lindsey graham says he does not expect a big deal until the next round of debt ceiling talks. >> our republican colleagues, by refusing to go along with revenues, are risking the fiscal cliff....